Although his desire is to remain with the Pacers, a disappointed Stephenson began exploring the free-agent market after receiving what he felt was a low-ball offer on Tuesday, sources said.

Stephenson has drawn interest from the Dallas Mavericks and Los Angeles Lakers, although both teams have other free agents prioritized above Stephenson, according to sources.

Dallas, believing it likely will lose out on both LeBron James and Carmelo Anthony, will attempt to sign Chandler Parsons away from the Houston Rockets. The Mavericks also have Luol Deng and Trevor Ariza in their sights, sources said.